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Iran Aluminum Output Down 32%

EghtesadOnline: The output of Iran's major aluminum producers totaled 41,367 tons during the first two months of the current Iranian year (March 21-May 21), which indicates a 32% decline compared with last year's corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization reported.
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Publish Date: 19/June/2019 | 24:26

Subsidized Forex Policy Under the Microscope

EghtesadOnline: The High Council of the Economic Coordination will convenes on Thursday to decide the fate of the highly controversial subsidized forex policy for importing essential goods, said an official associated with the council.
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Publish Date: 19/June/2019 | 24:24

$20 Million Loan for Iranian Startups

EghtesadOnline: Iran's National Innovation Fund has offered 2.69 trillion rials ($19.9 million) in loans to help emerging startups flourish during February-May.
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Publish Date: 19/June/2019 | 24:22

Call for Global Approach to Counter US Security Threats

EghtesadOnline: If more countries make a joint decision to counter the diverse range of security threats posed by the United States to global security, it can be forced to retreat and adopt a more responsible behavior, a senior security official said.
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Publish Date: 19/June/2019 | 24:20

EU Says Will Work to Keep Nuclear Deal in Place

EghtesadOnline: The European Union said on Monday that it will consider Iran to be complying with its obligations under a global nuclear deal up until the point scientific evidence emerges that it has breached its commitments.
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Publish Date: 19/June/2019 | 24:17

Iran Wants EU Banking Channel for Humanitarian Trade

EghtesadOnline: President of the Instrument in Support of Trade Exchange (INSTEX) recently conferred with economic and business authorities in Tehran on ways to remove barriers to launching the long-awaited European trade mechanism.
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Publish Date: 19/June/2019 | 24:08

Iran to Launch 22 Thermal Units Online by September

EghtesadOnline: The first gas unit of Dalahu Combined Cycle Power Plant in Eslamabad-e-Gharb County, Kermanshah Province, with a capacity of 310 megawatts came online on Monday.
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Publish Date: 19/June/2019 | 24:06

Iran's Non-Oil Trade With D-8 Increases by 31 Percent

EghteadOnline: Iran traded 994,733 tons of non-oil commodities worth $668.67 million with member states of the D-8 Organization for Economic Cooperation during the first Iranian month (March 21-April 20) to register a 3.71% decline in tonnage and a 31.92% rise in value compared with last year’s same month.
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Publish Date: 19/June/2019 | 24:02

Tehran Stocks Shed 1,000 Points

EghtesadOnline: The main index of Tehran Stock Exchange TEDPIX lost 1,000 points or 0.43% on Tuesday to end trading day at 237,148 points.
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Publish Date: 19/June/2019 | 24:00

Iran Steel Exports Exceed 1m Tons

EghtesadOnline: Major Iranian steelmakers exported 1.04 million tons of steel during the first two Iranian months (March 21-May 21) to register a year-on-year decline of 15%, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) show.
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Publish Date: 19/June/2019 | 11:56

UK Gov’t Settles $1.6 Billion Dispute With Bank Mellat

EghtesadOnline: The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
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Publish Date: 19/June/2019 | 11:53

Smart Parking Meters to Become Operational in July

EghtesadOnline: Smart parking meters will become operational in Tehran's District 2 by early July, an official of Tehran Municipality’s Transportation and Traffic Organization said.
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Publish Date: 18/June/2019 | 10:02

Electronic Toll Collection Accelerating in Iran

EghtesadOnline: Plans are on track in Iran to replace human-staffed toll booths with a smart and cashless Electronic Toll Collection system on 10 major freeways, a deputy roads minister said.
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Publish Date: 18/June/2019 | 10:01

MPs: Europe Unlikely to Meet Deadline for Nuclear Deal Compliance

EghtesadOnline: It is unlikely of Europe to meet a deadline set by Iran to provide alternative ways of trading and shielding themselves from sweeping sanctions threatened by the US after it unilaterally quit a 2015 nuclear deal, lawmakers said.
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Publish Date: 18/June/2019 | 10:00

Gas Grid Expanding in Lorestan

EghtesadOnline: The National Iranian Gas Company supplied 1.8 billion cubic meters of natural gas to western Lorestan Province in the last fiscal (ended March 20), the company’s deputy for gas supply said.
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Publish Date: 18/June/2019 | 09:58

Iran Copper Production Exceeded 200K Tons in Two Months

EghtesadOnline: Iranian copper concentrate production totaled 203,072 tons during the first two fiscal months (March 21-May 21) to register a decline of 5% compared with last year’s similar period.
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Publish Date: 18/June/2019 | 09:54

On Currency Repatriation Rules MRC Asks Gov’t to Rethink Policy

EghtesadOnline: The Majlis Research Center holds the view that the government can significantly boost its foreign currency earnings by rewriting the Central Bank of Iran’s controversial policy on repatriating currency earnings from non-oil exports.
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Publish Date: 18/June/2019 | 09:49